DSE : GLOBALINS
Global Insurance PLC — Financial statements
Insurance Carriers · Bangladesh
Last price 40 BDT (At close: Oct 29, 2026) · Market cap 1.62B
Latest research: Global Insurance financial analysis: combined ratio 93.5% in 2025 (Oct 2026) · Global Insurance: 2025 EPS Tk 1.29, combined ratio 93.5% and management expenses at 55.8% of gross premium
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Financial statements
Income statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 478.43M | 617.93M | 649.41M | 715.90M | 875.51M | 638.12M |
| Total Interest & Dividend Income | 73.98M | 72.91M | 64.50M | 46.99M | 36.92M | 30.26M |
| Gain (Loss) on Sale of Investments | 3.57M | -1.10M | -6.58M | 505.69K | -377.03K | 535.49K |
| Other Revenue | 62.61M | 55.66M | 50.33M | 45.09M | 49.78M | 45.95M |
| Total Revenue | 618.59M | 745.40M | 757.66M | 808.49M | 961.84M | 714.86M |
| Policy Benefits | 59.88M | 22.31M | 40.25M | 38.30M | 10.93M | 36.95M |
| Policy Acquisition & Underwriting Costs | 60.98M | 114.07M | 104.83M | 123.29M | 149.39M | 46.63M |
| Depreciation & Amortization | 7.58M | 7.96M | 9.35M | 10.81M | 11.63M | 10.52M |
| Selling, General & Administrative | 388.22M | 509.85M | 525.72M | 601.15M | 582.46M | 455.51M |
| Other Operating Expenses | -2.27M | -2.27M | -2.93M | 116.57K | -1.02M | |
| Total Operating Expenses | 520.50M | 657.43M | 684.41M | 783.22M | 767.24M | 560.81M |
| Operating Income | 98.09M | 87.98M | 73.25M | 25.27M | 194.59M | 154.05M |
| Interest Expense | -5.52M | -5.44M | -4.39M | -1.18M | -302.05K | -1.70M |
| Other Non Operating Income (Expenses) | -2.75M | -3.71M | -4.04M | -5.47M | -3.71M | -4.78M |
| EBT Excluding Unusual Items | 89.81M | 78.82M | 64.83M | 18.62M | 190.58M | 147.57M |
| Gain (Loss) on Sale of Assets | 3.46M | 461.02K | 2.84M | -22.88K | ||
| Other Unusual Items | -12.94M | -11.96M | -791.12K | -2.75M | -3.79M | -920.00K |
| Pretax Income | 80.34M | 67.32M | 66.87M | 15.84M | 186.79M | 146.65M |
| Income Tax Expense | 41.63M | 27.94M | 29.59M | 23.38M | 26.40M | 24.86M |
| Net Income | 38.71M | 39.38M | 37.28M | -7.54M | 160.39M | 121.79M |
| Net Income to Common | 38.71M | 39.38M | 37.28M | -7.54M | 160.39M | 121.79M |
| Shares Outstanding (Basic) | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M |
| Shares Outstanding (Diluted) | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M |
| EPS (Basic) | 0.95 | 0.97 | 0.92 | -0.19 | 3.96 | 3.00 |
| EPS (Diluted) | 0.95 | 0.97 | 0.92 | -0.19 | 3.96 | 3.00 |
| Free Cash Flow | 66.81M | 63.57M | 9.74M | 25.00M | 152.60M | 262.06M |
| Free Cash Flow Per Share | 1.65 | 1.57 | 0.24 | 0.62 | 3.76 | 6.46 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.23 | 1.20 |
| Operating Margin | 15.86% | 11.80% | 9.67% | 3.13% | 20.23% | 21.55% |
| Profit Margin | 6.26% | 5.28% | 4.92% | -0.93% | 16.68% | 17.04% |
| Free Cash Flow Margin | 10.80% | 8.53% | 1.29% | 3.09% | 15.87% | 36.66% |
| EBITDA | 101.36M | 95.74M | 82.39M | 35.84M | 205.97M | 164.57M |
| EBITDA Margin | 16.39% | 12.84% | 10.87% | 4.43% | 21.41% | 23.02% |
| D&A For EBITDA | 3.27M | 7.77M | 9.14M | 10.57M | 11.38M | 10.52M |
| EBIT | 98.09M | 87.98M | 73.25M | 25.27M | 194.59M | 154.05M |
| EBIT Margin | 15.86% | 11.80% | 9.67% | 3.13% | 20.23% | 21.55% |
| Effective Tax Rate | 51.81% | 41.51% | 44.25% | 147.57% | 14.13% | 16.95% |
Balance sheet
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 80.00M | 70.00M | 63.40M | 40.40M | 40.40M | 22.20M |
| Investments in Equity & Preferred Securities | 22.84M | 20.31M | 21.41M | 27.99M | 22.06M | |
| Total Investments | 102.84M | 90.31M | 84.81M | 68.39M | 62.46M | 22.20M |
| Cash & Equivalents | 699.13M | 695.51M | 692.34M | 724.61M | 710.04M | 630.05M |
| Reinsurance Recoverable | 101.88M | 101.88M | 101.88M | 102.17M | 102.17M | 102.24M |
| Other Receivables | 394.20M | 390.84M | 349.38M | 262.22M | 232.26M | 202.92M |
| Property, Plant & Equipment | 80.19M | 82.22M | 87.24M | 95.81M | 103.69M | 102.48M |
| Other Intangible Assets | 1.70M | 1.72M | 1.91M | 2.12M | 2.35M | 2.09M |
| Other Current Assets | 519.05M | 435.21M | 432.71M | 417.92M | 386.41M | 96.08M |
| Other Long-Term Assets | 25.00M | 25.00M | 25.00M | 25.00M | 25.00M | 41.95M |
| Total Assets | 1.92B | 1.82B | 1.78B | 1.70B | 1.62B | 1.20B |
| Accrued Expenses | 44.92M | 66.66M | 53.07M | 34.26M | 38.53M | 41.80M |
| Insurance & Annuity Liabilities | 211.87M | 247.86M | 260.80M | 287.65M | 351.21M | 256.98M |
| Unpaid Claims | 130.00M | 105.31M | 101.90M | 89.21M | 96.17M | 65.94M |
| Unearned Premiums | 227.65M | 181.45M | 191.84M | 186.58M | 162.96M | 126.76M |
| Reinsurance Payable | 97.46M | 102.79M | 84.38M | 93.68M | 44.96M | 81.49M |
| Current Income Taxes Payable | 391.66M | 365.39M | 337.18M | 307.14M | 283.34M | -2.02M |
| Long-Term Debt | 73.37M | 61.63M | 70.70M | 44.35M | 1.42M | 3.06M |
| Long-Term Deferred Tax Liabilities | 4.84M | 4.98M | 5.25M | 5.71M | 6.12M | 6.28M |
| Other Current Liabilities | 7.51M | 9.95M | 8.09M | 10.18M | 7.14M | 4.95M |
| Other Long-Term Liabilities | 72.70M | 74.64M | 71.31M | 72.28M | 71.42M | 71.42M |
| Total Liabilities | 1.26B | 1.22B | 1.19B | 1.13B | 1.06B | 657.79M |
| Common Stock | 405.52M | 405.52M | 405.52M | 405.52M | 405.52M | 405.52M |
| Retained Earnings | 255.78M | 195.89M | 184.14M | 160.55M | 154.20M | 136.71M |
| Shareholders' Equity | 661.30M | 601.41M | 589.65M | 566.07M | 559.72M | 542.22M |
| Total Liabilities & Equity | 1.92B | 1.82B | 1.78B | 1.70B | 1.62B | 1.20B |
| Filing Date Shares Outstanding | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M |
| Total Common Shares Outstanding | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M | 40.55M |
| Total Debt | 73.37M | 61.63M | 70.70M | 44.35M | 1.42M | 3.06M |
| Net Cash (Debt) | 625.76M | 633.89M | 621.64M | 680.26M | 708.62M | 626.99M |
| Net Cash Per Share | 15.43 | 15.63 | 15.33 | 16.78 | 17.47 | 15.46 |
| Book Value Per Share | 16.31 | 14.83 | 14.54 | 13.96 | 13.80 | 13.37 |
| Tangible Book Value | 659.60M | 599.70M | 587.75M | 563.95M | 557.37M | 540.13M |
| Tangible Book Value Per Share | 16.27 | 14.79 | 14.49 | 13.91 | 13.74 | 13.32 |
| Machinery | 102.81M | 107.40M | 107.95M | 112.36M | 110.14M | 98.15M |
Cash flow statement
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 38.71M | 39.38M | 37.28M | -7.54M | 160.39M | 121.79M |
| Depreciation & Amortization | 3.27M | 7.77M | 9.14M | 10.57M | 11.38M | 10.52M |
| Other Amortization | 277.78K | 190.67K | 211.85K | 235.39K | 249.32K | |
| Gain (Loss) on Sale of Assets | -461.02K | -2.84M | 22.88K | |||
| Gain (Loss) on Sale of Investments | -2.53M | 1.10M | 6.58M | -505.69K | 377.03K | -535.49K |
| Change in Unearned Revenue | 46.20M | -10.39M | 5.26M | 23.61M | 36.20M | 104.02M |
| Change in Insurance Reserves / Liabilities | -11.29M | -9.53M | -14.17M | -70.52M | 124.46M | 67.05M |
| Change in Other Net Operating Assets | -105.26M | 34.53M | -67.13M | 17.76M | -76.97M | 33.64M |
| Other Operating Activities | 101.27M | 3.80M | 36.31M | 54.10M | -90.40M | -60.94M |
| Operating Cash Flow | 70.65M | 66.39M | 10.65M | 27.74M | 165.70M | 275.54M |
| Capital Expenditures | -3.84M | -2.81M | -912.93K | -2.74M | -13.10M | -13.49M |
| Sale of Property, Plant & Equipment | 706.36K | 519.57K | 3.19M | 25.00K | ||
| Investment in Securities | -16.60M | -6.60M | -23.00M | -5.43M | -23.68M | -33.10M |
| Other Investing Activities | 1.00 | |||||
| Investing Cash Flow | -19.73M | -8.89M | -20.73M | -8.14M | -36.78M | -46.59M |
| Long-Term Debt Issued | 26.34M | 42.93M | ||||
| Total Debt Issued | 11.75M | 26.34M | 42.93M | |||
| Total Debt Repaid | -8.74M | -9.07M | -1.64M | -35.30M | ||
| Net Debt Issued (Repaid) | 3.01M | -9.07M | 26.34M | 42.93M | -1.64M | -35.30M |
| Common Dividends Paid | -39.84M | -39.80M | -44.15M | -46.78M | -46.99M | -56.16M |
| Other Financing Activities | -5.52M | -5.44M | -4.39M | -1.18M | -302.05K | -1.70M |
| Financing Cash Flow | -42.36M | -54.32M | -22.20M | -5.03M | -48.92M | -93.16M |
| Miscellaneous Cash Flow Adjustments | -1.00 | -1.00 | ||||
| Net Cash Flow | 8.56M | 3.18M | -32.28M | 14.57M | 79.99M | 135.80M |
| Free Cash Flow | 66.81M | 63.57M | 9.74M | 25.00M | 152.60M | 262.06M |
| Free Cash Flow Margin | 10.80% | 8.53% | 1.29% | 3.09% | 15.87% | 36.66% |
| Free Cash Flow Per Share | 1.65 | 1.57 | 0.24 | 0.62 | 3.76 | 6.46 |
| Levered Free Cash Flow | 80.56M | 67.85M | 5.23M | 49.60M | 114.54M | 227.25M |
| Unlevered Free Cash Flow | 84.01M | 71.25M | 7.98M | 50.35M | 114.73M | 228.31M |
| Cash Interest Paid | 5.52M | 5.44M | 4.39M | 1.18M | 302.05K | 1.70M |
| Cash Income Tax Paid | 37.16M | 42.51M | 24.53M | 34.02M | 22.86M | 31.37M |
| Change in Working Capital | -70.35M | 14.61M | -76.04M | -29.15M | 83.70M | 204.71M |
Ratios
Fiscal year January - December; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.62B | 1.03B | 1.00B | 1.36B | 1.27B | 2.20B |
| Enterprise Value | 996.31M | 447.46M | 337.01M | 680.22M | 576.84M | 1.65B |
| PE Ratio | 41.17 | 26.16 | 26.87 | 7.89 | 18.08 | |
| PS Ratio | 2.62 | 1.38 | 1.32 | 1.69 | 1.31 | 3.08 |
| PB Ratio | 2.45 | 1.71 | 1.70 | 2.41 | 2.26 | 4.06 |
| P/FCF Ratio | 24.28 | 16.20 | 102.87 | 54.50 | 8.29 | 8.40 |
| P/OCF Ratio | 22.96 | 15.52 | 94.05 | 49.11 | 7.64 | 7.99 |
| EV/Sales Ratio | 1.61 | 0.60 | 0.45 | 0.84 | 0.60 | 2.31 |
| EV/EBITDA Ratio | 9.83 | 4.67 | 4.09 | 18.98 | 2.80 | 10.05 |
| EV/EBIT Ratio | 10.16 | 5.09 | 4.60 | 26.92 | 2.96 | 10.74 |
| EV/FCF Ratio | 14.91 | 7.04 | 34.61 | 27.21 | 3.78 | 6.31 |
| Debt / Equity Ratio | 0.11 | 0.10 | 0.12 | 0.08 | 0.00 | 0.01 |
| Debt / EBITDA Ratio | 0.72 | 0.64 | 0.86 | 1.24 | 0.01 | 0.02 |
| Debt / FCF Ratio | 1.10 | 0.97 | 7.26 | 1.77 | 0.01 | 0.01 |
| Net Debt / Equity Ratio | -0.95 | -1.05 | -1.05 | -1.20 | -1.27 | -1.16 |
| Net Debt / EBITDA Ratio | -6.17 | -6.62 | -7.54 | -18.98 | -3.44 | -3.81 |
| Net Debt / FCF Ratio | -9.37 | -9.97 | -63.84 | -27.21 | -4.64 | -2.39 |
| Quick Ratio | 1.16 | 1.26 | 1.29 | 1.34 | 1.47 | 2.58 |
| Current Ratio | 1.91 | 1.95 | 2.03 | 2.09 | 2.26 | 3.23 |
| Asset Turnover | 0.33 | 0.41 | 0.44 | 0.49 | 0.68 | 0.63 |
| Return on Equity (ROE) | 6.06% | 6.61% | 6.45% | -1.34% | 29.11% | 22.99% |
| Return on Assets (ROA) | 3.30% | 3.06% | 2.64% | 0.95% | 8.61% | 8.51% |
| Return on Invested Capital (ROIC) | 6.56% | 7.78% | 6.43% | -2.05% | 30.20% | 23.24% |
| Earnings Yield | 2.43% | 3.82% | 3.72% | -0.55% | 12.68% | 5.53% |
| FCF Yield | 4.12% | 6.17% | 0.97% | 1.84% | 12.06% | 11.90% |
| Dividend Yield | 2.54% | 3.94% | 4.05% | 2.98% | 3.93% | 2.21% |
| Payout Ratio | 102.92% | 101.08% | 118.43% | 29.29% | 46.12% | |
| Total Shareholder Return | 2.54% | 3.94% | 4.05% | 2.98% | 3.93% | 2.21% |